Non Deductible Giving
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Non Deductible Giving
How do you post a contribution and is not tax deductible - such as buying a shirt from the church??? Thank you - Elida Jacobs
Re: Non Deductible Giving
Frankly, its not a contribution if the cost of the shirt is the exact amount of the money given.elidajacobs wrote:How do you post a contribution and is not tax deductible - such as buying a shirt from the church??? Thank you - Elida Jacobs
I don't have account examples as John would, but can talk you through it.
This can be handled two different ways, through the Accounts Receivable module, or through Contributions. If through AR, you would just enter it as a sale, using an account setup for that as sales income, or posting as a reimbursement to an expense account.
If through Contributions, and if you have to track to see who is purchasing the shirts, you would assign it to a contributor using a Contribution Fund that you have setup and not have it appear on contribution statements.
In version 11.x you can setup a fund and mark it as not to appear on statements. You can set the fund up so that it posts much as in AR, to an account that posts to sales income, or as a direct reimbursement to an expense account.
In version 10.4 and lower you can setup the fund using a number that is outside the numbers normally used. For example, you use numbers 100 through 900 for normal contributions, you can use 3000 for this purpose then when you print statements, you just exclude this number from those appearing on the statement.
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.